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Bauer Performance Sports to Acquire Easton Baseball/Softball for $330 Million
- Client News
- February 13, 2014
Paul, Weiss client Bauer Performance Sports Ltd., a leading developer and manufacturer of high performance sports equipment and apparel, entered into a definitive agreement with Easton-Bell Sports to acquire the Easton Baseball/Softball business for $330 million in an all-cash transaction. The acquisition greatly enhances the company's performance sports platform by adding EASTON, the world's leading and most iconic diamond sports brand, to the other strong brands in the BPS portfolio, including BAUER, MISSION, MAVERIK, CASCADE, INARIA and COMBAT. It also adds valuable intellectual property to BPS and provides a significant counter-seasonal business to the Company's existing revenue stream. The deal is expected to close in approximately 30-60 days, subject to regulatory approvals and other customary closing conditions
The Paul, Weiss team included corporate partners Angelo Bonvino, Thomas de la Bastide and Charles Googe; tax partner David Mayo; environmental partner Gaines Gwathmey; and employee benefits counsel Reuven Falik.